Why some Malaysian youths are going bankrupt - Insolvency Dept: Over 20% of bankrupts are youths

AN astounding 10,378 people – that’s the number of young Malaysians who were declared bankrupt between 2018 and September this year.

Over 20% of the 47,929 persons declared bankrupt during the period were under the age of 34; 10,138 were aged between 25 and 34; while those under 25 make up 240 bankruptcy cases, according to statistics from the Insolvency Department website.